US Emergency Oil Reserves Fall to Lowest Level in 40 Years
Crude oil stored in the U.S. Strategic Petroleum Reserve (SPR) fell by 1.58 million barrels last week...
Crude oil stored in the U.S. Strategic Petroleum Reserve (SPR) fell by 1.58 million barrels last week to its lowest level in nearly 40 years, data from the Department of Energy showed, on a mandated sale of oil from the emergency stash.
Stocks in the SPR fell to 368 million barrels in the week to April 14, its lowest level since October 1983, based on DOE and Energy Information Administration data.
The Biden administration this year has sold 26 MMbbl of crude from the reserve through release mandated by Congress in previous years.
US stock futures are mixed early Tuesday, as investors...
US stock futures are mixed early Tuesday, as investors continue to watch the rollout of corporate earnings and mull the possibility of further policy tightening by the Federal Reserve. Here are the latest market moves.
Earnings on deck: Bank of America, Goldman Sachs, and Bank of New York Mellon, all reporting.
Crude oil prices turned lower on Monday as the U.S. dollar grew stronger and there are lingering concerns...
Crude oil prices turned lower on Monday as the U.S. dollar grew stronger and there are lingering concerns that there will be a possible interest rate hike by the U.S. Federal Reserve in May.
West Texas Intermediate crudedropped 2.1% on a $1.69 a barrel tumble as it settled at $80.83 on the New York Mercantile Exchange.
Brent crude, which is considered the global benchmark, fell $1.55 or 1.8% before closing at $84.76 a barrel on ICE Futures Europe.
U.S. stocks finish higher as earnings season gets under way
U.S. stocks finished higher on Monday, rising to session highs in the final hour of trading as the first-quarter...
U.S. stocks finished higher on Monday, rising to session highs in the final hour of trading as the first-quarter earnings season was poised to accelerate.
The Dow Jones Industrial Average rose around 101 points, or 0.3%, according to preliminary data, while the S&P 500 and Nasdaq Composite also rose 0.3%.
Investors are looking ahead to a batch of earnings from mega cap technology names later in the week, including Netflix Inc., which reports on Tuesday.
